Price at 244.14 is sitting fractionally above the 50-SMA (244.03) and 4.19% above the 200-SMA (234.32), which is the technical demarcation between recovery and a fresh uptrend. RSI at 61.48 shows constructive momentum without being overbought, leaving room to run. MACD at -0.48 has crossed sharply above its signal at -6.29, a strong momentum inflection confirming buyers are back in control even though the absolute level remains sub-zero.
Thursday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $IGV, $ETOR, $GOOGL, $HIMS, $COST, $POET.
5 of 5 plays
FSLR is coiling right at its 50-SMA (244.03) after reclaiming the 200-SMA (234.32), setting up a classic inflection where a decisive break of the moving-average cluster could resolve the trend.
EntryConsider staged entries on a confirmed close above 244.03-244.14, or on a pullback that holds the 234.32 (200-SMA) shelf.
TargetsFirst target near 254.00, roughly 4% above the 50-SMA where prior supply typically re-emerges → Second target near 265.00, extending the move if MACD crosses above zero and RSI holds >60
StopA decisive break and close below 234.32 would invalidate the setup, signaling loss of the 200-SMA reclaim and reverting the structure to neutral/bearish.
Educational only. Not financial advice.